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E1 Exam Dumps : Managing Finance in a Digital World

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Managing Finance in a Digital World Questions and Answers

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Question 1

Which of the following is NOT a key feature of total quality management (TQM)?

Options:

A.

A staff appraisal system is used

B.

Management is committed to improvement

C.

All value chain participants are involved

D.

Costs for failure are reduced

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Question 2

Accountants and finance professionals in the future will see the basic routine transactional work reduce with a shift to higher level skills

Which of the following best describes business acumen?

Options:

A.

An ability to add value through analysing data and provide insight that will help the business.

B.

An ability to effectively communicate, showing empathy and understanding of individuals in the business

C.

An ability to understand and respond to a wide range of aspects relevant to a business situation

D.

An ability to understand and be sceptical about the information provided to the business

Question 3

A Company is considering to outsource its accounts payable According to the transaction cost theory of Williamson and Coase, which of the following involve activities and costs associated with policing and enforcing the agreement with the service provider?

Options:

A.

Ensunri9lne outsourcer maintains the agreed service level.

B.

Agreeing an acceptable service level agreement.

C.

Monitoring asset purchases associated with the agreement

D.

Determining which supplier is the cheapest.

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